Search
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
14.1.2022
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,”...
US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party
13.1.2022
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael...
Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns
13.1.2022
Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations...
Dollar Up, U.S. Inflation Likely to Have Minimal Impact on Fed Policy
13.1.2022
The United States Dollar(USD) showed upward momentum in the market on Thursday. Especially in the Asian market, the greenback currency has climbed back up after plunging into new depths. The federal policies are not expected to change anytime soon, although the consumer prices have gone through...
‘Being a Currency and a Security Are Not Contradictory,’ Crypto Can Be Both: Monetary Historian
13.1.2022
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins...
BIS Claims a CBDC Interoperability Victory – While US Congressman Bids to Block Digital USD
13.1.2022
The Bank for International Settlements (BIS) says it has made another breakthrough in its central bank digital currency (CBDC) interoperability project – claiming that it has “successfully tested” the integration of wholesale CBDC settlement with commercial banks....
Read More: BIS Claims a CBDC...
US lawmaker proposes bill aimed at limiting Fed's ability to issue CBDC
12.1.2022
Having the Fed require users to open accounts to access the benefits of a digital dollar would put it "on an insidious path akin to China’s digital authoritarianism," according to Tom Emmer
Hong Kong Monetary Authority aims to oversee stablecoin reserves
12.1.2022
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules
Dollar Conviction Better Signaled by EURUSD Windup Than GBPUSD and USDCAD Breaks
12.1.2022
As the speculative exclusivity of the top-performing US indices fades, we are moving into Wednesday trade with larger participation in the ‘risk on’ wave but a slowdown in the speed of the top-performing US indices. It’s crucial to check the temperature of the stock markets before...
Dollar Falls and Stalls as Investors Await Hearing
11.1.2022
The dollar value went down today morning in Asia, but still, it managed to remain near the middle of the latest range. All the investors are now waiting to hear from Jerome Powell’s Senate Banking Committee of the U.S. Federal Reserve Reserve for any type of clues on the speed as well as...
Dollar Starts 2022 with Support as Inflation Test Looms
10.1.2022
The year has started well for the US dollar as the currency gains value across multiple regions. The primary reason behind the surge is stated by traders’ faith in the inflation data by Fed officials to bolster the interest rates. After falling on Friday, the safe haven jumped 0.2% on the euro...
Pakistan to investigate Binance for multi-million dollar crypto scam
9.1.2022
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown 3rd-party wallets
Paypal Coin: Payments Giant Explores Launching Stablecoin to Boost Crypto Offerings
9.1.2022
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc....
Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero
8.1.2022
Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid...
NEURONET Is a Cryptocurrency Exchange That Has Brought About a Brand New Level to Artificial Intelligence with Its New Generation Crypto Token $NCH
7.1.2022
The group of NEURONET companies has announced its upcoming launch of their unique DeFi (Decentralized Finance) NEURONET.Exchange, which is entirely based on the use of artificial intelligence along with payment service and mining. All of this is done with its native token $NCH. The NEURONET...
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline
5.1.2022
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ reported holdings of the asset by 4,500 tons over the past decade. Dollar’s Decline a Boon...
Dollar Hits One-Month High Against Yen
4.1.2022
The increase in the Japanese Yen is an overnight incident. Even though the US Dollar was observed to decline in market value, it rose after being paired with the Yen. Other currencies observed a similar trend. This includes the Australian Dollar, Chinese yuan, and Britain’s pound, to name a few....
China’s central bank releases pilot version of digital yuan wallet
4.1.2022
The "e-CNY (Pilot Version)" app was made available for download on the Chinese Android and Apple app stores on Tuesday
Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins
3.1.2022
The Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar. Meanwhile, the use of stablecoins in Turkey...
Bitcoin dips below $47K as US dollar surge dampens BTC price performance
3.1.2022
It's not looking great for Bitcoin on short timeframes, and Ethereum is becoming an increasingly popular bet instead